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FTSE Recovers Some Lost Ground

TUESDAY MARKET UPDATE: UK markets rebounded after a sharp sell-off on Monday, with Hargreaves Lansdown leading the pack forward

Morningstar 5 February, 2013 | 6:26PM

The FTSE 100 and FTSE 250 indices both rebounded on Tuesday after a sharp sell-off on Monday.

The FTSE 100 climbed up by 36 points, or 0.6%, to close at 6,283. The FTSE 250 pushed up by 66 points, or 0.5%, to close at 13,243.

"Perhaps the best thing we can take away from yesterday’s sell-off is that nothing ever goes in a straight line. Investors are apt to forget this basic maxim, but the underlying picture is not much different from last week," said Chris Beauchamp, a market analyst at IG.

The biggest winner on the FTSE 100 on Tuesday was Hargreaves Lansdown (HL.). Shares in the financial services company jumped by nearly 6% ahead of the company reporting interim results on Wednesday.

To see the top winners and losers on the FTSE 100 each day, check out Morningstar's Heat Map.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article
Security NamePriceChange (%)Morningstar
Rating
Hargreaves Lansdown PLC1,015.00 GBX3.68-
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